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2. A 2 kW photovoltaic (PV) system with capacity factor 0.20 costs $8,000 after various incentives have been accounted for. It is to be paid

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2. A 2 kW photovoltaic (PV) system with capacity factor 0.20 costs $8,000 after various incentives have been accounted for. It is to be paid for with a 5%, 20-year loan. Since the household has a net income of $130,000 per year, their marginal federal tax is 30.5%. Determine the cost of PV electricity ($/kWh) in the first year. 2. A 2 kW photovoltaic (PV) system with capacity factor 0.20 costs $8,000 after various incentives have been accounted for. It is to be paid for with a 5%, 20-year loan. Since the household has a net income of $130,000 per year, their marginal federal tax is 30.5%. Determine the cost of PV electricity ($/kWh) in the first year

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